100% EOU
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2011
we are 100% EOU unit 10B Exempted software export unit. we don't have any local business.
if tax applicale on export profit at what rate we have to pay tax for the FY 2011-2012 AY 2012-2013.
Thanks
if tax applicale on export profit at what rate we have to pay tax for the FY 2011-2012 AY 2012-2013.
Thanks
CA PARAS BAFNA
(Expert)
26 April 2011
Section 10-B of the Income-tax Act provides for 100% deduction of profits derived by a 100% Export Oriented undertaking upto 10consecuitive assessment years. However, for AY 2012-13 and onwards such deduction will not be available and tax will be required to be paid at normal rates applicable to the assessee concerned.
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RAMESH KUMAR VERMA
(Expert)
27 April 2011
for more info:-
https://www.caclubindia.com/experts/tax-on-100-eou-647855.asp
https://www.caclubindia.com/experts/tax-on-100-eou-647855.asp
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